Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
UDR
UDR
|
+$330M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$329M |
| 3 |
Alexandria Real Estate Equities
ARE
|
+$327M |
| 4 |
Invitation Homes
INVH
|
+$309M |
| 5 |
Tesla
TSLA
|
+$260M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$970M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$928M |
| 3 |
Citigroup
C
|
+$368M |
| 4 |
Linde
LIN
|
+$354M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$320M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.3% |
| 2 | Financials | 14.41% |
| 3 | Healthcare | 12.63% |
| 4 | Consumer Discretionary | 12.55% |
| 5 | Communication Services | 10.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1926
Forrester Research
FORR
$232M
| $4.31M | ﹤0.01% |
94,172
| – | – |
|
1927
Weibo
WB
$1.94B
| $4.31M | ﹤0.01% |
81,828
-235,425
| -74% | -$11.7M |
|
|
RUBY
1928
DELISTED
Rubius Therapeutics, Inc
RUBY
| $4.26M | ﹤0.01% |
174,519
-205,481
| -54% | -$5.14M |
|
|
VCRA
1929
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $4.24M | ﹤0.01% |
106,346
| – | – |
|
1930
Axsome Therapeutics
AXSM
$11B
| $4.2M | ﹤0.01% |
62,223
-145,699
| -70% | -$8.74M |
|
1931
Broadstone Net Lease
BNL
$4.08B
| $4.15M | ﹤0.01% |
177,203
-72,501
| -29% | -$1.56M |
|
1932
Myers Industries
MYE
$1.34B
| $4.14M | ﹤0.01% |
197,049
-77,744
| -28% | -$1.66M |
|
|
IAS
1933
DELISTED
Integral Ad Science
IAS
| $4.12M | ﹤0.01% |
+200,000
| New | +$4.12M |
|
|
CERE
1934
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $4.07M | ﹤0.01% |
+158,852
| New | +$2.27M |
|
|
EVLO
1935
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
| $4.04M | ﹤0.01% |
14,712
| – | – |
|
|
ESPR
1936
DELISTED
Esperion Therapeutics
ESPR
| $4.02M | ﹤0.01% |
189,931
-38,012
| -17% | -$915K |
|
1937
Republic Bancorp
RBCAA
$1.99B
| $3.98M | ﹤0.01% |
86,303
| – | – |
|
1938
Design Therapeutics
DSGN
$855M
| $3.98M | ﹤0.01% |
200,000
| – | – |
|
|
JAMF
1939
DELISTED
Jamf
JAMF
| $3.94M | ﹤0.01% |
117,436
| – | – |
|
1940
Lantheus
LNTH
$6.63B
| $3.94M | ﹤0.01% |
+142,500
| New | +$3.27M |
|
1941
Amneal Pharmaceuticals
AMRX
$5.89B
| $3.9M | ﹤0.01% |
761,253
-46,653
| -6% | -$265K |
|
1942
StepStone Group
STEP
$4.07B
| $3.89M | ﹤0.01% |
113,200
+68,200
| +152% | +$2.27M |
|
1943
Green Plains
GPRE
$1.07B
| $3.74M | ﹤0.01% |
111,200
-105,100
| -49% | -$3.13M |
|
1944
Wabash National
WNC
$516M
| $3.61M | ﹤0.01% |
+225,400
| New | +$3.87M |
|
|
ACCD
1945
DELISTED
Accolade Inc
ACCD
| $3.59M | ﹤0.01% |
66,115
+26,115
| +65% | +$1.27M |
|
1946
Allot
ALLT
$375M
| $3.55M | ﹤0.01% |
180,039
+15,757
| +10% | +$290K |
|
1947
Neuronetics
STIM
$156M
| $3.47M | ﹤0.01% |
+216,600
| New | +$2.99M |
|
|
CSPR
1948
DELISTED
Casper Sleep Inc.
CSPR
| $3.42M | ﹤0.01% |
+414,403
| New | +$3.62M |
|
1949
Children's Place
PLCE
$57.8M
| $3.4M | ﹤0.01% |
36,489
-94,300
| -72% | -$8.01M |
|
|
ONT
1950
Onterris Inc
ONT
$549M
| $3.39M | ﹤0.01% |
+63,200
| New | +$3.33M |
|
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Norges Bank's Q2 2021 Portfolio in Review
As of Q2 2021, Norges Bank held 2,310 positions worth $461B, up 5.6% from $437B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Norges Bank's Q2 2021 filing shows 183 new, 607 increased, 1,278 reduced and 104 closed positions. Its largest new stake was DoorDash: 1,116,782 shares worth $199M. The largest sale was Apple, an estimated $970M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.
- Norges Bank's largest Q2 2021 buy was DoorDash: 1,116,782 shares worth $199M.
- Norges Bank added most to UDR in Q2 2021, an estimated $330M increase.
- Norges Bank's biggest Q2 2021 reduction was Apple, cutting an estimated $970M.
- Norges Bank fully exited INPHI CORPORATION in Q2 2021, selling an estimated $205M.
- Norges Bank's ten largest holdings make up 22% of its $461B portfolio in Q2 2021.
- Norges Bank opened 183 new positions and closed 104 in Q2 2021.
- Norges Bank's portfolio value rose 5.6% quarter-over-quarter to $461B.
Based on Norges Bank's 13F filing for Q2 2021, filed 10 Aug 2021.